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WaPo columnist rains hell on Trump’s latest ‘quack-tastic’ Federal Reserve nominee

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President Donald Trump is reportedly planning to nominate former presidential candidate Herman Cain to serve on the Federal Reserve, which has prompted Washington Post economics columnist Catherine Rampell to write a scathing takedown of the former pizza chain mogul’s views of monetary policy.

In her column, Rampell calls Cain’s views on economics “quack-tastic” and says that he would be unfit to serve on the Fed even if he didn’t have a long list of sexual harassment allegations dogging him.

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“Perhaps the bigger issue is that Cain has said — repeatedly — that the United States should return to the gold standard,” she writes. “This stance is one Moore has also intermittently espoused, and it has been roundly rejected by actual economic experts. That includes, for instance, every single economist surveyed by the University of Chicago’s IGM Economic Experts Panel.”

Rampell also notes that Cain has gotten involved in right-wing grift schemes ever since his presidential campaign went down in flames in 2012.

“Cain spent the years following his failed presidential campaign spamming his email followers with snake-oil scams, promising ‘weird tricks’ that would make his followers get rich quick or ‘naturally’ cure their erectile dysfunction,” she writes. “Of course, such grifting might enhance Cain’s candidacy in Trump’s eyes, but it hardly bodes well for a man seeking to join an institution with consumer protection duties.”

Read the whole column here.

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Document reveals how the White House cheered up Trump after his meltdown at #MAGA rally in Dallas

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Last week, President Donald Trump sought to shore up political support in Texas by holding a campaign rally in Dallas.

During the rally, Trump told the crowd how he hated it when his children told him what they learned in school.

The president also suffered a meltdown and offered the crowd his impersonations.

Fox Nation host Tomi Lahren on Wednesday revealed a note she'd received from the White House reading, "Tomi, thank you for everything. Best wishes."

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‘Hard to overstate’ how badly Taylor’s testimony damaged Trump: Ex-federal prosecutor

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On Wednesday, former federal prosecutor Renato Mariotti wrote for Politico Magazine that the testimony of Ukraine envoy William Taylor was devastating for President Donald Trump — and that if he keeps trying to deny wrongdoing, it will only get worse and maybe even force Senate Republicans' hand against him.

"It’s hard to overstate how much damage the testimony of Ukraine envoy William Taylor inflicted on President Donald Trump’s defense in the ongoing impeachment inquiry," wrote Mariotti. "On its face, Taylor’s testimony Tuesday established the quid pro quo that Trump has denied for weeks. But more importantly, Taylor’s detailed notes of the 'highly irregular' policy-making that he witnessed over the summer provide a roadmap to future testimony that could be even more harmful. Republicans have already begun to retreat from their 'no quid pro quo' line, but they will have to keep retreating because Taylor has almost single-handedly decimated the few witnesses who have provided some testimony that is favorable to Trump."

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‘How much did you get for your soul?’ Internet dogpiles Lindsey Graham after he walks back criticism of SCIF raid

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On Wednesday, Sen. Lindsey Graham (R-SC) appeared to have reached the limit of his capacity to defend his own party when a gang of House Republicans raided a sensitive, compartmented information facility where an impeachment hearing was taking place and illegally bringing in recording equipment. Initially Graham criticized the Republicans behind the stunt, calling it "nuts."

Later, however, he changed his mind and decided the demonstration was fine with him, offering this explanation:

CORRECTION:

I was initially told House GOP took the SCIF by force – basically like a GOP version of Occupy Wall Street.

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